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Trade Idea Update: EUR/USD - Buy at 1.1130

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 23, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As euro's retreat from last week's high of 1.1342 has kept price under pressure, retaining our view that near term downside risk remains for retracement to 1.1170, however, reckon 1.1140-45 (38.2% Fibonacci retracement of 1.0822-1.1342) would limit downside and bring another rise later. Above the lower Kumo (now at 1.1251)[​IMG]

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